BREAKING: US jobless claims rise unexpectedly

The number of Americans filling for unemployment benefits was 0.419 million in the week ended July 17th, compared to 0.360 million rise reported in the previous week. Today’s reading came in above market expectations of 0.350 million. 

Continuing claims reading, which lags initial jobless claims data by one week, dropped to 3.236 million, while analysts expected a decrease to 3.1 million.  Today’s reading still remain much above the 1.7 million average reported before the pandemic.

US100 saw relatively small reaction to today’s jobless claims data release. Source: xStation5

BREAKING: USD sees little reaction to personal spending and inflation data
Chart of the day - USDCHF (30.07.2021)
BREAKING: Markets unmoved by weak German GDP reading
Economic calendar: German GDP report, US PCE inflation
Morning wrap (30.07.2021)
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